Algae Based Omega-3 Market
Algae Based Omega-3 Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Algae Based Omega-3 Market Size and Growth
The Algae Based Omega-3 market is witnessing significant growth driven by increasing demand for plant-based supplements and rising health consciousness. The market size is projected to reach approximately USD 1.5 billion by 2027, with CAGR expectations of around 9%. Factors include sustainability and the shift towards non-fish alternatives for omega-3 sourcing.
Companies Covered
(Covid 19 Impact Covered)
◍ DSM
◍ Solutex
◍ KD Pharma Group
◍ Polaris
◍ Bioprocess Algae
◍ Lyxia Corporation
◍ Goerlich Pharma GmbH
The algae-based omega-3 market features companies like DSM, Solutex, KD Pharma Group, Polaris, Bioprocess Algae, Lyxia Corporation, and Goerlich Pharma GmbH, which harness algae for sustainable omega-3 production. Their innovations enhance product offerings, promote sustainability, and attract health-focused consumers, driving market growth significantly. Revenue figures include:
- DSM: Approximately $11 billion
- KD Pharma Group: Estimated $193 million
- Polaris: Around $50 million
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Market Segmentation
By Application
By Product
Others ◍ Dietary Supplements
Food and Beverage ◍ Infant Formula ◍ Pharmaceuticals ◍ Others
◍ 750 mg of EPA plus DHA ◍ 600 mg of EPA plus DHA
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Market Growth
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$ X Billion USD
